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BA in Economics at Late Sarada Prasad Rawat Degree College
Gorakhpur, Uttar Pradesh
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About the Specialization
What is Economics at Late Sarada Prasad Rawat Degree College Gorakhpur?
This Economics program at Late Sarada Prasad Rawat Degree College focuses on fundamental economic principles, analytical tools, and their application to real-world issues. Rooted in the NEP 2020 framework from DDU Gorakhpur University, this program emphasizes a comprehensive understanding of micro and macroeconomics, Indian economic policies, and global economic challenges. It prepares students for diverse roles in India''''s evolving economic landscape by fostering critical thinking and problem-solving skills crucial for policy analysis and market research.
Who Should Apply?
This program is ideal for high school graduates with a keen interest in understanding societal resource allocation, market dynamics, and national economic policies. It attracts students aspiring for careers in government services, banking, finance, and research. Individuals passionate about public policy, social welfare, and sustainable development will find this curriculum engaging, as it provides a robust foundation for further academic pursuits like M.A. Economics or MBA, or direct entry into entry-level analyst roles.
Why Choose This Course?
Graduates can expect to pursue careers as economic analysts, data researchers, policy advisors, and consultants in India. Entry-level salaries typically range from INR 3-5 lakhs per annum, with experienced professionals earning INR 8-15 lakhs or more, especially in analytics or financial services. The program''''s blend of theoretical knowledge and practical application, including subjects like Econometrics and Indian Economy, aligns with the requirements for competitive exams and positions in public and private sectors in India.
Student Success Practices
Foundation Stage
Build Strong Economic Fundamentals- (Semester 1-2)
Focus intensely on core micro and macroeconomics concepts. Understand demand-supply, national income, and basic theories. Actively participate in class discussions and seek clarification for difficult topics to build a robust academic base.
Tools & Resources
NCERT Economics textbooks (Class 11 & 12), Mankiw''''s Principles of Economics, NPTEL (basic economics courses), Khan Academy
Career Connection
A solid foundation is crucial for all advanced economic studies and analytical roles, ensuring a clear understanding of market and policy dynamics, which is fundamental for any career in economics.
Develop Quantitative and Analytical Skills- (Semester 1-2)
Enhance mathematical and statistical reasoning by practicing problem-solving from textbooks and online resources. Engage in basic data interpretation exercises using tools like MS Excel, as introduced in vocational courses, to strengthen analytical capabilities.
Tools & Resources
MS Excel, Basic statistics textbooks, Online aptitude sites (e.g., IndiaBix), DDU''''s skill enhancement workshops
Career Connection
Essential for all economics-related roles, particularly in data analysis, research, and financial modeling. Strong quantitative skills are highly sought after by employers in the Indian job market.
Engage in Current Economic Affairs- (Semester 1-2)
Regularly read financial newspapers (e.g., The Economic Times, Business Standard) and reputable economic blogs. Discuss current economic events in India with peers and faculty to connect theoretical knowledge with practical, real-world applications and policy debates.
Tools & Resources
The Economic Times, Business Standard, Reserve Bank of India (RBI) website, NITI Aayog reports
Career Connection
Crucial for understanding the real-world application of economic theories, this practice is essential for success in competitive exams (UPSC, RBI) and policy-related careers in India, where current affairs knowledge is paramount.
Intermediate Stage
Apply Theory to Indian Context- (Semester 3-5)
Deep dive into subjects like Indian Economy, Public Economics, and Development Economics. Analyze policy implications and engage in case studies relevant to India''''s specific economic challenges and opportunities, fostering a localized understanding.
Tools & Resources
Economic Survey of India, Union Budget documents, RBI Bulletins, NITI Aayog publications, Research papers on Indian economy
Career Connection
Directly relevant for roles in government, public sector undertakings, policy think tanks, and development organizations within India, where an understanding of national economic nuances is critical for effective contributions.
Enhance Research and Presentation Skills- (Semester 3-5)
Work on short research projects or presentations, either individually or in groups. Focus on systematic data collection, critical analysis, and effectively communicating findings. Utilize library resources and online academic databases for comprehensive research.
Tools & Resources
Mendeley/Zotero for referencing, Google Scholar, DDU Gorakhpur University library resources, PowerPoint/Google Slides for presentations
Career Connection
Builds skills vital for research positions, higher education (MA/PhD), and any professional role requiring analytical reporting, data synthesis, and clear communication, which are highly valued in diverse industries.
Explore Vocational and Skill-Based Electives- (Semester 3-5)
Actively choose and rigorously pursue vocational courses like Digital Marketing or Data Science to gain practical, market-relevant skills. Consider supplementing with external certifications or workshops to further specialize.
Tools & Resources
Coursera, Udemy, Local skill development centers, DDU''''s skill development programs
Career Connection
Enhances employability for specific industry roles, bridging the gap between academic learning and practical job requirements in fields like marketing, business analytics, and finance, making graduates more competitive.
Advanced Stage
Master Advanced Econometric and Quantitative Methods- (Semester 5-6)
Focus intensely on Econometrics to understand quantitative analysis and economic modeling. Practice using statistical software (e.g., R, Python, Stata) for data manipulation and hypothesis testing, preparing for data-intensive roles.
Tools & Resources
R programming language, Python (basics for data analysis), Stata/EViews (familiarization), Online courses on econometrics and statistical software, DDU''''s computer labs
Career Connection
Highly valued in financial services, market research, data analytics, and economic consulting, providing a significant competitive advantage for placements in analytical and research roles across India.
Prepare for Higher Education or Competitive Exams- (Semester 5-6)
Start dedicated preparation for entrance exams for MA Economics, MBA, or government competitive exams (e.g., UPSC, RBI Grade B, SSC CGL). Focus on general awareness, quantitative aptitude, and advanced economic concepts.
Tools & Resources
Specialized coaching institutes, Online mock test series, Previous year''''s question papers, Dedicated study groups
Career Connection
Directly targets career advancement either through securing admissions in prestigious postgraduate programs or achieving coveted government positions, both offering significant career growth in India.
Engage in Real-World Projects/Internships- (undefined)
Actively seek and undertake internships in banks, research organizations, NGOs, or corporate sectors. Apply theoretical knowledge to practical problems, building a professional network and gaining valuable industry experience.
Tools & Resources
College placement cell, LinkedIn for professional networking, Industry contacts and alumni network, Local business directories for opportunities
Career Connection
Offers practical exposure, significantly enhances the resume, and often leads to pre-placement offers or strong recommendations, greatly improving direct entry into the job market upon graduation.
Program Structure and Curriculum
Eligibility:
- 10+2 (Intermediate) from a recognized board (General eligibility for BA programs at DDU affiliated colleges)
Duration: 3 years (6 semesters)
Credits: Credits not specified
Assessment: Internal: 25% (for Major/Minor/Co-curricular papers), 30% (for Vocational papers), External: 75% (for Major/Minor/Co-curricular papers), 70% (for Vocational papers)
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 101 | Introductory Microeconomics | Core Major | 4 | Nature and Scope of Economics, Theory of Demand, Supply and Elasticity, Consumer Behaviour: Cardinal Utility, Indifference Curve Analysis, Production Function, Theory of Cost |
| CCC 101 | Food, Nutrition and Hygiene | Co-curricular | 2 | Introduction to Food and Nutrition, Macro and Micro-nutrients, Balanced Diet, Methods of Cooking, Food Adulteration, Community Health, Environmental Sanitation, Personal Hygiene |
| VEC 101 | Digital Marketing | Vocational (Elective example) | 2 | Introduction to Digital Marketing, Search Engine Optimization (SEO), Social Media Marketing (SMM), Content Marketing, Email Marketing, Google Analytics |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 102 | Introductory Macroeconomics | Core Major | 4 | Introduction to Macroeconomics, National Income Accounting, Theories of Income and Employment, Consumption Function, Investment Function, Multiplier and Accelerator |
| CCC 102 | First Aid & Health | Co-curricular | 2 | Introduction to First Aid, Types of Injuries and Medical Emergencies, Environmental Emergencies, Mental Health, Substance Abuse, Healthy Living and Lifestyle |
| VEC 102 | Human Values & Ethics | Vocational (Elective example) | 2 | Introduction to Human Values, Harmony in the Individual, Family, Society, Harmony in Nature/Existence, Professional Ethics and Code of Conduct |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 201 | Intermediate Microeconomics | Core Major | 4 | Theory of Production, Costs, Revenue, Market Structures: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly, Theory of Distribution: Rent, Wages, Interest, Profit |
| CCC 201 | Physical Education & Yoga | Co-curricular | 2 | Introduction to Physical Education, Health and Wellness, Yoga: Introduction, Asanas, Pranayama, Meditation, Sports Injuries and First Aid, Nutrition and Balanced Diet |
| VEC 201 | Tourism & Hospitality | Vocational (Elective example) | 2 | Introduction to Tourism and Types, Components of Tourism Industry, Hospitality Management, Hotel Operations, Travel Agency Operations, Sustainable Tourism Practices |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 202 | Intermediate Macroeconomics | Core Major | 4 | Investment Theory, Keynesian Theory of Money and Prices, Post-Keynesian Developments in Macroeconomics, Business Cycles, Macroeconomic Policies: Monetary and Fiscal Policies |
| CCC 202 | Analytical Ability & Digital Awareness | Co-curricular | 2 | Logical Reasoning, Data Interpretation, Quantitative Aptitude, Basic Computer Concepts, Internet & E-mail, Digital Devices, Cyber Security, Digital India Initiatives |
| VEC 202 | Data Science & Analytics | Vocational (Elective example) | 2 | Introduction to Data Science, Data Collection and Cleaning, Data Analysis with Excel, Introduction to Python/R for Data Analysis, Data Visualization, Big Data Concepts |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 301 | Indian Economy | Discipline Specific Elective (Major) | 4 | Structure of Indian Economy, Planning in India, Economic Reforms, Agriculture, Industrial and Service Sectors, Poverty, Unemployment, Inequality, Population and Human Resource Development |
| BAEC 302 | Economics of Growth and Development | Discipline Specific Elective (Major) | 4 | Theories of Economic Growth, Models of Development: Classical, Neo-classical, Factors of Economic Development, Human Development, Sustainable Development, Poverty and Income Inequality |
| BAEC 303 | Public Economics | Discipline Specific Elective (Major) | 4 | Public Goods, Externalities, Market Failure, Public Revenue: Taxation Principles, Public Expenditure and its growth, Public Debt, Fiscal Policy, Budgetary Policy, Federal Finance |
| CCC 301 | Swachh Bharat Abhiyan | Co-curricular | 2 | Concept and Objectives of Swachh Bharat Abhiyan, Health and Sanitation in India, Waste Management Strategies, Role of Community Participation, Government Initiatives and Impact of Cleanliness |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BAEC 304 | Econometrics | Discipline Specific Elective (Major) | 4 | Introduction to Econometrics, Data Types, Simple Linear Regression Model (OLS), Multiple Regression Model, Problems in Regression Analysis (Multicollinearity, Heteroscedasticity, Autocorrelation), Dummy Variables and Model Specification |
| BAEC 305 | International Economics | Discipline Specific Elective (Major) | 4 | Theories of International Trade (Ricardian, Heckscher-Ohlin), Terms of Trade, Balance of Payments components, Foreign Exchange Rate Determination and Systems, Trade Policies (Tariffs, Quotas), WTO and Regional Economic Groupings |
| BAEC 306 | Environmental Economics | Discipline Specific Elective (Major) | 4 | Environmental Problems and Economic Analysis, Economics of Pollution Control, Environmental Valuation Methods, Sustainable Development Goals (SDGs), Climate Change Economics, Green Accounting |
| CCC 302 | Disaster Management | Co-curricular | 2 | Introduction to Disasters and Hazards, Types of Disasters (Natural and Man-made), Disaster Management Cycle: Mitigation, Preparedness, Response, Recovery, Role of Government, NGOs and Community in Disaster Management |
